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‘Fridays for Keynesianism’ — Peter Bofinger

Summary:
Excellent summary of the recognition of the classical fallacy by Keynes, what followed, and why neoclassical economics is proving so difficult to dislodge even though it has been discredited. Note: This is not the only fallacy that plays a part in neoclassical assumptions. The fallacy of composition is another, as Keynes also observed.Social Europe'Fridays for Keynesianism' Peter Bofinger | Professor of Economics at Würzburg University and a former member of the German Council of Economic ExpertsSee alsoBrave New EuropePaul Romer: The Dismal Kingdom – Do Economists Have Too Much Power?Mathew D. Rose

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Excellent summary of the recognition of the classical fallacy by Keynes, what followed, and why neoclassical economics is proving so difficult to dislodge even though it has been discredited.

Note: This is not the only fallacy that plays a part in neoclassical assumptions. The fallacy of composition is another, as Keynes also observed.

Social Europe
'Fridays for Keynesianism'

Peter Bofinger | Professor of Economics at Würzburg University and a former member of the German Council of Economic Experts

See also

Brave New Europe
Paul Romer: The Dismal Kingdom – Do Economists Have Too Much Power?
Mathew D. Rose

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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